- DWF Labs acquires $25 million worth of WLFI tokens
- World Liberty Financial raises over $550 million through token sales
What happened: WLFI expands DeFi reach through strategic token sale and partnerships
World Liberty Financial (WLFI), a decentralised finance (DeFi) platform backed by Donald Trump, has sold $25 million worth of its WLFI tokens to DWF Labs. This acquisition is part of WLFI’s broader fundraising efforts, which have amassed over $550 million through multiple token sales since October 2024. The WLFI token is a non-transferable governance token, granting holders voting rights on platform decisions but no economic entitlements. The tokens are currently restricted from public trading.
The project has formed partnerships with established DeFi protocols, including Aave, Ondo Finance, and Chainlink, to enhance its platform’s capabilities. WLFI’s “Macro Strategy” involves building a reserve of various digital assets, such as Bitcoin (BTC), Ethereum (ETH), and Tron (TRX), to support its ecosystem’s stability and growth. The platform aims to democratise access to financial services by leveraging blockchain technology and decentralised governance.
Also read: Trump inspired DeFi platform raises $550M in token sales
Also read: Blockdaemon buys expand.network to improve DeFi access
Why it’s important
The $25 million investment by DWF Labs signifies institutional interest in WLFI’s DeFi platform. WLFI’s substantial fundraising and strategic partnerships position it as a notable player in the DeFi sector. The platform’s approach to integrating with established protocols and building a diverse asset reserve reflects a commitment to creating a robust and sustainable ecosystem.
WLFI’s focus on decentralised governance and financial inclusion aligns with broader trends in the blockchain industry. The involvement of high-profile figures and institutions may influence the platform’s adoption and credibility. As WLFI continues to develop its services and expand its reach, its impact on the DeFi landscape warrants attention from stakeholders and observers alike.
